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Building societies offer greater value to savers

Independent research from Savingschampion.co.uk issued today shows that building societies continue to demonstrate that they offer greater value to long-suffering savers than banks.

  • Date: 20 February 2017
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Lending and savings up despite economic uncertainty

Building societies provided almost one in three mortgages approved in the final quarter of 2016.  Collectively they approved 109,543 new mortgage loans, up 7% on the same period in 2015.  Consumers saved less in Q4 than they did the previous year but balances still rose by £2.9 billion.

  • Date: 13 February 2017
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The BSA comments on the Housing White Paper

There is no one silver bullet to solve the UK’s ‘broken housing market’.  Today the BSA welcomes the Housing White Paper as a positive first step towards a more joined up approach to housing and, we hope, the beginning of a coordinated government strategy.

  • Date: 07 February 2017
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Strained household finances are the biggest risk to UK housing market in 2017, survey results reveal

Consumers are unsurprisingly concerned that stability in the housing market could be affected next year by increased living costs and rising interest rates, the latest Property Tracker survey results reveal.

The Post-Referendum bounce-back in confidence has been short-lived, with fewer consumers viewing now as a good time to buy property than three months ago.

  • Date: 14 December 2016
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BSA comments on the FCA launch of a market study on competition in the mortgage sector

The BSA welcomes the FCA’s open and collaborative approach in the run up to the Mortgages Market Study published today.  The regulator has clearly listened to the feedback provided by the mortgage industry in its call for inputs earlier this year, particularly in relation to the increase in the number of borrowers who approach intermediaries for their mortgage borrowing needs.

  • Date: 12 December 2016
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BSA comments on the Autumn Statement

Commenting on today’s Autumn Statement, Robin Fieth, BSA Chief Executive said:

“We welcome the recognition given to the importance of infrastructure in housebuilding with the announcement of a £2.3 billion housing infrastructure fund in today’s Autumn Statement.....

  • Date: 23 November 2016
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Building societies maintain share of lending in slowing mortgage market

Today the Building Societies Association (BSA) releases mortgage lending and savings figures for all 44 building societies for the third quarter of 2016.

  • Date: 21 November 2016
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BSA Members elect new Deputy Chairman

BSA Members elect Jonathan Westhoff, Chief Executive of the West Brom as BSA Deputy Chairman

  • Date: 18 November 2016
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Brexit must be a catalyst for beneficial change for consumers

A copy of the  BSA Chairman's speech at the BSA Annual Lunch 2016 in which he outlined his views on Brexit and launched a new BSA housing report aimed at bringing new housebuilding technologies into the mainstream to help address housing supply.   

  • Date: 17 November 2016
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New BSA report suggests one solution to the UK's housing crisis

At its Annual Lunch on 17 November, at which Housing and Planning Minister Gavin Barwell MP gave the keynote speech, the BSA launched a progressive housing report; ‘Laying the foundations for Modern Methods of Construction’ (MMC).  Links to the report and the speeches made by Gavin Barwell MP, Housing and Planning Minister and Dick Jenkins, BSA Chairman can be found in Notes to Editors. 

  • Date: 17 November 2016
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The BSA comments on the Redfern Review of Britain’s Housing policy

Commenting on the Redfern Report into Housing issued today, Paul Broadhead, Head of Mortgage Policy at the BSA said: "As we consistently find through our consumer research, the biggest barrier facing home buyers is their ability to raise a deposit.
The size of that is related to the price of homes; and prices are pushed up by a lack of supply in the face of increasing demand.

  • Date: 16 November 2016
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Consumers will continue to save for a rainy day and housing

It was a relief to many, both savers and savings providers alike, that the Monetary Policy Committee decided last week to hold the Bank Base Rate at 0.25%.  Although the Bank has now said it won’t reduce rates again this year, if the outlook worsens this rate could fall again.  The BSA commissioned Ipsos MORI to survey a group of online 2,256 adults¹ aged 16-75 across the UK to investigate their savings intentions over the next 12 months

  • Date: 14 November 2016
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